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Two Slough men have been jailed for a total of 12 and a half years after being found guilty of multiple mortgage frauds. Tahir Malik and Patrick Kamande were sentenced to six and a half years and six years respectively at Reading Crown Court on April 13. Kamande’s wife, Mary Kimani, received a 10-month sentence […]

The FSA has set out the risks investment advisers need to consider when deciding whether or not to recommend exchange traded products. The regulator has published a factsheet for investment advisers which outlines key features, investment strategies and the potential for conflicts of interest in exchange traded products. The FSA notes somes aspects of the […]

The Association of British Insurers has warned a European ruling banning gender pricing in insurance could open the door for similar legislation on age and disability discrimination. In March last year, the European Court of Justice ruled gender pricing for insurance products will be banned from December 21, 2012. The ruling, based on a challenge […]

Gross mortgage lending in March was an estimated £13.4bn – a 30 per cent increase from February, according to the Council of Mortgage Lenders. The figure represent a 30 per cent rise from £10.3bn in February and a 17 per cent rise from March 2011 – £11.4bn. This is the highest monthly total since September […]

Over the past year, both conventional and inflation-linked gilts have generated returns in excess of 25 per cent. Meanwhile, inflation has only risen by between 1 per cent and 1.5 per cent. Click here: ILG webinar note 1016

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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]

Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]

Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]